April 11th, chapter 23 strayer

While reading the chapter I read this one section that really stood out for me and I think it would help me remember this chapter a little bit more better and it says, "When most people speak of globalization, they are referring to the immense acceleration in international economic transactions that took place in the second half of the twentieth century and continued into the twenty first. Many have come to see this process as almost natural, certainly inevitable, and practically unstoppable. yet the first half of the twentieth century, particularly the decades between the two world wars, witnessed a deep contraction of global economic linkages as the after math of world war 1 and the great depression wreaked havoc on the world economy. international trade, investment, and labor migration dropped sharply as major states turned inward, favoring high tariffs and economic autonomy in the face of a global econmoic collapse". So out of the book it talks about major events that caused the economy to shift and change on how it affected some people.

Like if you didn't know I believe the world war 1 got many people jobs working for factories to make weapons for the army and ect, so that was a big economic change for the people because more jobs were made compared to the Great Depression, people were loosing jobs, starving and even to the point some were committing suicide because  they felt that they couldn't support their family any more on how they use to finically.  quoting from google it says, " The cause of the Great Depression was that nine thousand banks failed during the months following the stock market crash of 1929. It is far simplistic to view the stock market crash as the single cause of the Great Depression. A healthy economy can recover from such a contraction such wealth concentrated in the hands of a few limits economic growth".

Here is a little more content from the chapter after everything else happened, " The aftermath of world war 2 was very different. The capitalist victors in that conflict, led by the United States, were determined to avoid any return to such depression- era conditions. At a conference in  Breton woods, new Hampshire, in 1944 they forged a set of agreements and institutions ( the world bank and the international monetary Fund that laid the foundation for postwar globalization. This Brentwood system negotiated the rules for commercial and financial dealings among the major capitalist countries, while promoting reality free trade, stable  currency values linked to the u.s. dollar and high levels of capital investment". So after everything they learned how to not go back to having rough days and also making the economy much better so they never have to go through that again. I speciffically choose this section out of  the chapter to type out because it will help me remember what the chapter was about.